3.10 Tuesday Afternoon Market Analysis



Bitcoin experienced a surge in trading volume early this morning, with a slight rally to the 71,000 level, currently fluctuating around 70,700.
From the one-hour chart, the candlesticks have stabilized within the middle band of the Bollinger Bands, breaking above the upper band, with the Bollinger Bands trending upward. The MA5 and MA10 moving averages are showing a golden cross.
From the four-hour chart, the candlesticks have broken through the upper Bollinger Band, with the bands opening up. The MA moving averages continue to show a golden cross. The momentum bars for the surge are increasing.
Trading Suggestions
Bitcoin: Watch around 69,500-69,000, aiming for 70,500-71,500
Ethereum: Watch around 2,020-2,000, aiming for 2,070-2,100
BTC1,52%
ETH0,81%
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